“Billet demand should start improving by the end of October or in the start of the next month”, said Mr. Harsh Chauradiya, Managing Director at Binju Metals & Alloys Ind Pvt Ltd, Hyderabad.
“Billet prices are stable at Rs 33,400/MT (Basic). Manufacturers are unable to raise offers as buyers are purchasing at low prices from Raigarh and Rourkela for the last 10 to 12 days.
Also, 60% of power cut in Andhra Pradesh has resulted into lower production capacity of rolling mills”, he added.
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